China Merchants Land Logs 0.9% Drop in Q1 Contracted Sales

MT Newswires Live

2025/05/01

China Merchants Land (HKG:0978) recorded contracted sales of around 6.61 billion yuan in the first quarter of 2025, down 0.9% from a year prior, a Wednesday Hong Kong bourse filing said.

Contracted sales area for the month fell by 8.4% year over year to roughly 272,056 square meters.

The property company's average selling price for the quarter stood at around 24,292 yuan per square meter.

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